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Discusssion of Anchoring Countercyclical Capital Buffers:

By Òscar Jordà


A tree’s risk of catching fire is usually small, except when the forest is ablaze. It is hardly surprising that the international scope of the recent financial crisis has renewed efforts at designing bank capital regulation to account for both idiosyncratic and systemic risk. I say renewed because crisis prevention policies hav

Year: 2011
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